Solana Hits Record 4.2B Transactions as SOL Tops $100

Solana's blockchain network has reached unprecedented levels of activity, processing a record 4.2 billion transactions in July while its native token, SOL, rallied above $100 for the first time since February. The surge in network usage and price action reflects a combination of renewed application-based demand and broader market optimism fueled by U.S. Treasury policy.

Data released on August 25 showed that Solana handled 4.2 billion transactions in July, a 13.5% increase from June and a 91% jump since December 2025. This momentum has continued into August, with the network setting a new weekly record for non-voting transactions, exceeding 1.3 billion in the seven days ending August 23. Live metrics indicated approximately 109 million transactions and 2.7 million active addresses in a 24-hour period ending August 25. Analysts note that transaction figures can vary based on whether they include validator votes or failed transactions.

The activity is driven by popular applications on the network. The FOMO app, a platform for meme token launches and influencer copy-trading, has seen significant usage. Additionally, the Pump.fun decentralized exchange has seen a resurgence, logging...